Mining

According to the documents released by the New York Office of the Attorney General, the judgment day finally comes to the castle of Bitfinex and the tower of Tether. Both companies were cheating with financial laws. And the development of their case only shows that Bitfinex is having some major troubles.The U.S. Supreme Court has destroyed Bitfinex, now it is the time to start packaging the inner functionaries.While examining the document, we can see that the Attorney General wants to dig...

European Central Bank’s head (and former International Monetary Fund’s head) Christine Lagarde said that the stablecoins market is gaining momentum and the officials need to keep up with changes:“My personal conviction is that giving the developments we are seeing, not so much in the bitcoin segment, but in the stablecoins projects. And we only know of one at the moment but there are others, being explored and underway at the moment. We’d better be ahead of the curve if that happens. Because...

Glencore PLC, one of the world’s largest cobalt producers and a public traded company announced its plan to join the Responsible Sourcing Blockchain Network (RSBN). Glencore will use the Hyperledger Fabric Platform for Cobalt production to track its cobalt production.RSBN is particularly an industrial collaboration using blockchain technology that supports “responsible sourcing and production practices from mine to market”. Moreover, the members of the network include companies from the auto,...

It’s clear why China has suddenly become so “kind” and open-minded towards bitcoin mining… It now controls approximately two-thirds of the world’s bitcoin and crypto mining power.China: The Crypto Mining KingAccording to a new report, bitcoin miners in China control approximately 66 percent of the global hash rate, which is the measure of power that ushers one’s ability to mine and extract new coins. This is a six percent increase from the summer, when China controlled approximately 60...

Law enforcement has taken three men into custody over what sources are calling the biggest crypto scam in history.The “Biggest” Scam Is in the BooksMatthew Brent Goettsche and Jobadiah Sinclair Weeks from Colorado along with Frank Abel from California have been arrested for initiating a cryptocurrency scam through a fake company called Bit Club Network that may have cheated investors out of $722 million in crypto funds. If the numbers are accurate, Bit Club outdoes the money stolen or lost in...

China is usually referred to as the headquarters of Bitcoin mining in the world, an interesting feat especially when the government’s strong position against cryptocurrencies is considered. While the government has repeatedly expressed its support for blockchain technology, it has not accorded digital currencies the same level of attention and respect. Regardless of all this, China still controls about 67% of the entire hash rate of the Bitcoin network. The real clincher, however, is that...

Mit Kraken bietet erstmals eine der ganz grossen Bitcoin-Börsen das "Staking" an. Früher konnte man mit Bitcoin Mining Geld verdienen. Man brauchte dazu lediglich eine gute Grafikkarte. Heute ist das Mining kaum mehr profitabel. Man braucht spezielle Hardware und vor allem eine extrem günstige Stromquelle. Als Privatanwender ist Mining daher uninteressant geworden. Es gibt aber eine neue Methode, die immer populärer wird: Das sogenannte...

66% of the entire hashrate of Bitcoin’s network pertains to miners in China, per a recent report. Chinese-controlled hashrate, at the time of this writing, is at its highest point in the past two years according to a popular monitoring resource.China Controls 66% Of Bitcoin’s HashrateAccording to a recent report from Reuters, China is the most prominent player in the field of Bitcoin mining. The country now controls 66% of the network’s hashrate and it’s at its highest point in the past two...

Yesterday, authorities in New Jersey arrested three men for running a cryptocurrency scam called BitClub Network, which defrauded unsuspecting investors of about $722 million. The announcement was made by U.S. Attorney Craig Carpenito in an official press release from the U.S. Attorney’s Office in the District of New Jersey.Initially reported by Bloomberg, Matthew Brent Goettsche, 37, of Lafayette, Colorado and Jobadiah Sinclair Weeks, 38, of Arvada, Colorado, are both facing charges of...

Roger Ver, one of the earliest cryptocurrency advocates and proponent of Bitcoin Cash, has interviewed now-arrested Joby Weeks. The latter has been involved in an alleged cryptocurrency mining scam called BitClub and is now charged with conspiracy to commit wire fraud.Roger Ver Interviewing Jobadiah Weeks in JuneRoger Ver, one Bitcoin Cash’s most exclusive proponents, has done an interview with Jobadiah Weeks back in June 2018. It took place on a yacht and both of them discuss different...